The rumor mill is a-churnin’, and the story it has spun for us today is that BP will likely agree to a $20 billion to $25 billion settlement with the Department of Justice (DOJ) over civil and criminal charges that resulted from the Deepwater Horizon oil spill in the Gulf...

The United States does not have an affirmative policy to provide the energy necessary to propel the economy. Instead, we follow a de facto “policy” of obtaining energy under the incentives and constraints that emerge from the highly decentralized process by which Congress resolves competing claims for subsidies and controls...